Vornado Realty Correlations
| VNO-PN Preferred Stock | USD 17.87 0.06 0.34% |
The current 90-days correlation between Vornado Realty Trust and Vornado Realty Trust is 0.83 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vornado Realty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vornado Realty Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Vornado Realty Correlation With Market
Modest diversification
The correlation between Vornado Realty Trust and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vornado Realty Trust and DJI in the same portfolio, assuming nothing else is changed.
Vornado |
The ability to find closely correlated positions to Vornado Realty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vornado Realty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vornado Realty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vornado Realty Trust to buy it.
Moving together with Vornado Preferred Stock
| 0.88 | VNO-PL | Vornado Realty Trust | PairCorr |
| 0.98 | VNO-PM | Vornado Realty Trust | PairCorr |
| 0.95 | VNO-PO | Vornado Realty Trust | PairCorr |
| 0.87 | HPP-PC | Hudson Pacific Properties | PairCorr |
| 0.72 | EQC-PD | Equity Commonwealth | PairCorr |
| 0.87 | SLG-PI | SL Green Realty | PairCorr |
| 0.82 | MITT-PA | AG Mortgage Investment | PairCorr |
| 0.81 | MITT-PB | AG Mortgage Investment | PairCorr |
| 0.77 | MITT-PC | AG Mortgage Investment | PairCorr |
| 0.73 | EQIX | Equinix | PairCorr |
| 0.62 | WELL | Welltower | PairCorr |
Moving against Vornado Preferred Stock
| 0.77 | RC | Ready Capital Corp | PairCorr |
| 0.54 | UK | Ucommune International | PairCorr |
| 0.53 | AHT-PG | Ashford Hospitality Trust | PairCorr |
| 0.52 | AHT-PF | Ashford Hospitality Trust | PairCorr |
| 0.46 | AHT-PH | Ashford Hospitality Trust | PairCorr |
| 0.44 | FR | First Industrial Realty | PairCorr |
| 0.38 | AHT-PI | Ashford Hospitality Trust | PairCorr |
| 0.37 | PW | Power REIT | PairCorr |
| 0.34 | CIO-PA | City Office REIT | PairCorr |
| 0.42 | VTMX | Corporacin Inmobiliaria | PairCorr |
| 0.33 | ECRO | Ecc Cap Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Vornado Preferred Stock performing well and Vornado Realty Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Vornado Realty's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VNO-PL | 0.82 | 0.03 | (0.06) | 0.22 | 0.69 | 1.95 | 6.09 | |||
| VNO-PM | 0.77 | 0.07 | (0.02) | 0.37 | 0.89 | 1.47 | 6.06 | |||
| VNO-PN | 0.72 | 0.08 | 0.00 | 0.34 | 0.68 | 1.82 | 5.86 | |||
| VNO-PO | 0.81 | 0.08 | 0.01 | 0.32 | 0.84 | 1.98 | 5.95 | |||
| ESBA | 1.79 | 0.12 | 0.01 | 0.77 | 1.98 | 4.75 | 15.52 | |||
| FISK | 1.00 | 0.10 | 0.03 | 0.28 | 1.04 | 4.90 | 11.01 | |||
| ARE | 1.11 | (0.19) | 0.00 | (0.22) | 0.00 | 2.06 | 5.36 | |||
| CDP | 0.82 | 0.13 | 0.04 | 0.48 | 0.95 | 1.91 | 5.87 | |||
| CIO | 1.67 | (0.19) | 0.00 | (0.09) | 0.00 | 3.84 | 11.18 | |||
| CUZ | 0.83 | 0.18 | 0.10 | 0.45 | 0.91 | 1.92 | 5.40 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Vornado Realty without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Instant Ratings Now
Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Vornado Realty Corporate Management
| Barry Langer | Exec Estate | Profile | |
| Robert Entin | Chief VP | Profile | |
| Deirdre Maddock | VP Officer | Profile | |
| Haim Chera | Ex Retail | Profile | |
| Robert Larson | VP Operations | Profile | |
| Steven Roth | Chairman CEO | Profile | |
| Glen Weiss | Ex Estate | Profile |